Squestration: How long will I be sequestrated?
As of 1 April 2008, sequestration lasts a minimum one year. You will be automatically discharged on the anniversary of your sequestration providing that you have met all of your obligations to your trustees.
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SEQUESTRATION What is sequestration? How long will I be sequestrated? What are the consequences of sequestration? What is apparent insolvency? Will I lose my home if I am sequestrated? TRUST DEED What is a trust deed? How do I enter into a trust deed? How long does a trust deed last? How long does it take to arrange a trust deed? What are the advantages of a trust deed? REMORTGAGE Do I have to be a home owner to apply for a remortgage? What are the steps involved in remortgaging? How long does all this take to complete? Will I have any money left at all after I have remortgaged and repaid my debts?
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in2credit Edinburgh Cowan & Partners Accountants & Tax Advisors
60 Constitution Street, Leith, Edinburgh EH6 6RR in2credit the established Scottish insolvency practitioners